(Reuters) -Japanese carmaker Toyota Motor said on Saturday it will raise prices for some vehicles sold in the United States by an average of $270 starting in July. The automaker’s decision follows U.S. President Donald Trump’s imposition of a 25% tariff on imported vehicles and auto parts. A Toyota spokesperson, however, denied the tariff directly […]
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Toyota to raise US auto prices by average $270 from July
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(Reuters) -Japanese carmaker Toyota Motor said on Saturday it will raise prices for some vehicles sold in the United States by an average of $270 starting in July.
The automaker’s decision follows U.S. President Donald Trump’s imposition of a 25% tariff on imported vehicles and auto parts. A Toyota spokesperson, however, denied the tariff directly influenced the price increase.
“The latest price hike is part of our regular review of the prices,” Nobu Sunaga, a Toyota spokesperson, said.
Prices for Lexus models, Toyota’s luxury brand, would also increase by an average of $208, he said.
(Reporting by Maki Shiraki in Tokyo, additional reporting by Angela Christy in Bengaluru; Editing by Jacqueline Wong)